Daily Content Archive
(as of Sunday, June 4, 2017)| Word of the Day | |||||||
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disdainful
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| Article of the Day | |
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 Islamic BankingIslamic banking is a system of banking that is consistent with Islamic Sharia law. In particular, it prohibits usury—the collection and payment of interest—and investment in businesses considered unlawful. In the late 20th century, a number of Islamic banks were created to cater to the needs of the Muslim banking market. These institutions rely on the common Islamic concepts of profit sharing, safekeeping, joint venture, and leasing. How are these banks able to operate without charging interest? More... | |
| This Day in History | |
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 Jonathan Pollard Pleads Guilty to Espionage Charges (1986)After leaving graduate school in 1979, Pollard immediately began applying for intelligence positions, and landed one at the US Naval Investigative Service (NIS). In 1985, after he had attained a high level of clearance, coworkers noticed that he was accessing a huge number of documents for seemingly no reason. He was arrested and, the following year, pled guilty to selling secrets to Israel. He was sentenced to life in prison. What early clues nearly derailed his career before it started? More... | |
| Today's Birthday | |
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 François Quesnay (1694)While serving as consulting physician to Louis XV at Versailles, Quesnay developed an interest in economics. In his 1758 Tableau économique, he described the relationship between the different economic classes of society and the flow of payments among them, and he developed the concept of economic balance used by many later economic analysts. An advocate of laissez-faire economics, he believed that all wealth originated with the land. What school of economics is he credited with founding? More... | |
| Quotation of the Day | |
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 It is kindness that makes one strong and brave; and so we are kind to our prisoners.L. Frank Baum (1856-1919) | |
| Today's Holiday | |
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 International Festival-Institute at Round Top (2020)This teaching institute and music festival was founded by world-renowned pianist James Dick in 1971 to establish a center where talented student musicians could make a smooth transition to a professional career. The emphasis is still on pianists, but there is also instruction in strings, woodwinds, brass, chamber music, and orchestra. The faculty is composed of internationally known musicians who also perform as soloists at the concerts given there. Round Top is the smallest incorporated city in Texas; just north of the town square is the scenic 200-acre Festival Hill grounds. More... | |